President Biden’s student loan forgiveness plan seemed to be back on track, until…

On average, black college graduates have $25,000 more student debt than white college graduates. President Joe Biden has made several attempts to cancel student debt — which would have a significant impact on Black borrowers — but has failed to do so due to opposition from the courts.

Things looked good for Biden’s plan for a while — U.S. District Judge J. Randal Hall allowed Republicans’ restraining order against the plan to expire Thursday (Oct. 3), which would have allowed its adoption, according to CNBC.

But Hall then moved the case to Missouri, where on Thursday night a federal judge once again thwarted the president’s latest plan that would have canceled $73 billion in student debt held by about 27.6 million borrowers.

U.S. District Judge Matthew Schelp — a Trump appointee — granted an injunction blocking the “mass forgiveness” of student loans and canceling the plan’s principal or interest pending the outcome of the trial.

“Allowing Defendants to eliminate the student debt at issue here would prevent this Court, the United States Court of Appeals, and the Supreme Court from reviewing this case in the background, thereby allowing Defendants’ actions to escape scrutiny. review,” Schelp wrote in his decision.

In a statement provided by a spokesperson to The Associated Press, the Education Department said it was discouraged by the decision and insisted that Republican state officials wanted to “prevent millions of their own voters to benefit from some leeway on their student loans.”

“We will continue to vigorously defend these proposals in court. We will not stop fighting to fix the broken student loan system and provide support and relief to borrowers across the country,” the department said.

Biden’s initiative has been on hold since September, when the six Republican-led states filed a lawsuit in Georgia, claiming Biden had exceeded his legal authority.

Under Biden’s proposed regulation, those eligible for debt relief include people who: owe more than they originally borrowed due to accrued interest, those who have been repaying their loans for at least 20 years, and borrowers who have never requested forgiveness under the previous ones. programs but were eligible.

For the latest news, Facebook, Twitter and Instagram.